Home National News Mukesh Ambani Once Again remains Asia’s Richest Man in Forbes List

Mukesh Ambani Once Again remains Asia’s Richest Man in Forbes List

The Chairman of Reliance Industries, Mukesh Ambani, has been placed on the 17th rank in the latest list of world billionaires by Forbes with a net worth of $44.3 billion. Mukesh has once again lead the tally from India’s point of perspective and has maintained his position as the richest man in Asia.

Mukesh Ambani not only chairs and runs oil and gas giant Reliance Industries but also the most valuable companies in India. Reliance Industries yields $88 billion (revenue).

A few years back, Reliance Jio has also offered free domestic voice calls and internet because of which the company immediately signed on more than 340 million customers, and by offering reasonable rates data services along with virtually free smartphones, the company is getting great revenue.

The next Indian to achieve the feat is veteran Mumbai investor Radhakishan Damani who is at 65th spot and touted as the retail king of India after the March 2017 IPO of his Avenue supermarket chain DMart franchise. He has a net worth of $16.6 billion.

He is the only Indian on the list to have gained this year, in spite of the falling market. This is for the first time that Damani has been crowned as the second richest man in the country. Even after the national lockdown, his chain of 196 supermarkets has still remained quite unaffected.

At 114th position, HCL Technologies Founder Shiv Nadar is worth $12.4 billion. One of India’s leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation.

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Next Indian on the list is at 114th position is HCL Technologies Founder Shiv Nadar, with the net worth $12.4 billion. He established the company in the 1970s in his garage, and now, the company employs more than 1,49,000 employees in overall 45 countries. Shiv Nadar is also considered to be among the top philanthropists of India who have donated more than Rs 5,036 crores to the Shiv Nadar Foundation that helps in educational causes.

Hinduja brothers have secured the 116th position with $12.2 billion net worth. With the net worth $10.7 billion, Uday Kotak is in the 138th position. His Kotak Mahindra Bank is now among the top four banks of India in the private sector, increased by its acquisition of ING Bank’s Indian operations in the year 2014. In spite of debacles that were seen previous year in the banking as well as the finance industry, the Kotak Mahindra Bank is now among the top four banks in India, mainly the private sector ones.

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The man behind Bharti Airtel, Sunil Mittal is at 154th spot, having $9.5 billion net worth. This telecom tycoon runs and leads the business which is among the largest mobile networks in India. He also possesses Airtel Payments Bank, which is mainly a joint venture with Kotak Mahindra Bank. Today, Bharti Airtel is considered to be among the largest mobile phone operators in India with more than 418 million customers.

Some other Indians in the list are Cyrus Poonawalla, founder of Serum Institute of India is at 161st spot having $9.2 billion net worth, Gautam Adani at 162nd spot having $9.2 billion net worth and CEO and Chairperson of the world’s largest steelmaker, Lakshmi Mittal, is at 170th spot having $8.9 billion net worth, among many others.



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Nidhi Rawathttps://esxnews.com/
Nidhi is conscientious and hard-working. Writing is her passion. She loves to explore the world and tell everyone through her art of writing. She excels in wisdom. Being an extrovert, she never fails to amuse people around her. She believes that optimist and pessimist make the society but being neutral makes us human.
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